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Top 10 goods made up 63% of China’s exports to Nigeria in 2023
Key Takeaways:
  • Electrical and electronic equipment was China’s top export to Nigeria, valued at $2.88 billion.
  • The top five export categories (electrical equipment, machinery, vehicles, plastics, and iron/steel products) together accounted for over $8.78 billion, representing around 44% of total exports.
  • Industrial goods such as machinery and steel, along with manufactured consumer goods, dominate China’s export portfolio.
  • Products like apparel, synthetic materials, and household items featured strongly among the top export categories.
  • In total, China exported goods worth $20.18 billion to Nigeria in 2023.

China recorded a $17.8 billion trade surplus with Nigeria in 2023, as exports outpaced imports by a ratio of 8.5 to 1
Key Takeaways:
  • In 2023, China’s exports to Nigeria totaled $20.18 billion, while imports from Nigeria reached only $2.37 billion.
  • China’s trade surplus with Nigeria amounted to approximately $17.8 billion.
  • Chinese exports accounted for 89.5% of the total bilateral trade, with Nigerian exports making up just 10.5%.
  • The trade imbalance underscores Nigeria’s strong dependence on Chinese goods and industrial inputs.
  • For every $1 Nigeria exports to China, it imports $8.50 worth of Chinese products.

Mineral fuels, oils, and distillation products accounted for 43.65% of the US' total export to Nigeria
Key Takeaways:
  • Mineral fuels and oils led the US' exports to Nigeria at $1.82B, making up over 43% of the total.
  • Vehicles and automotive parts followed at $677.65 million, with machinery and nuclear reactors contributing $487.23 million.
  • Total US exports to Nigeria reached $4.17 billion in 2024.
  • The top 10 export categories made up 90.7% of the total export value.
  • The top three US export categories to Nigeria accounted for nearly 72% of total exports.


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